Small businesses have gotten a surge of optimism, one that may lead to more hiring in the coming months.
That’s the finding of a survey of 1,100 small and medium-size business owners and executives released Wednesday by PNC Financial Services Group Inc. The survey taken in January and February finds that 37 per cent of owners are optimistic about their companies’ prospects for the next six months, up sharply from 22 per cent in a survey last fall. That has fueled companies’ hiring plans. Twenty-two per cent plan to hire full-time workers, compared to 16 per cent in in the fall.
And their workers will likely get a raise. Nearly a third of the owners and executives surveyed plan to boost employees’ pay, up from 22 per cent who planned raises in the fall.